Cooper Tire & Rubber (NYSE:CTB) had its price target raised by stock analysts at KeyCorp from $41.00 to $43.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 22.51{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} from the company’s current price.

CTB has been the topic of several other research reports. JPMorgan Chase & Co. increased their target price on Cooper Tire & Rubber from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, June 19th. Cfra decreased their target price on Cooper Tire & Rubber from $30.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $34.60.

Shares of Cooper Tire & Rubber stock opened at $35.10 on Wednesday. Cooper Tire & Rubber has a 52 week low of $13.82 and a 52 week high of $37.21. The business’s fifty day simple moving average is $32.19 and its 200-day simple moving average is $25.49. The firm has a market cap of $1.76 billion, a PE ratio of 28.08 and a beta of 1.34. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 0.32.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, August 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.42. Cooper Tire & Rubber had a return on equity of 5.73{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} and a net margin of 2.53{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446}. The firm had revenue of $496.30 million for the quarter, compared to analyst estimates of $464.87 million. During the same quarter in the prior year, the company earned $0.18 EPS. Cooper Tire & Rubber’s revenue was down 26.9{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} on a year-over-year basis. As a group, equities analysts expect that Cooper Tire & Rubber will post 1.29 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Texas Permanent School Fund increased its holdings in shares of Cooper Tire & Rubber by 24.3{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} in the 1st quarter. Texas Permanent School Fund now owns 42,674 shares of the company’s stock valued at $696,000 after acquiring an additional 8,348 shares during the last quarter. Ziegler Capital Management LLC purchased a new position in shares of Cooper Tire & Rubber in the 1st quarter valued at about $302,000. Public Employees Retirement Association of Colorado increased its holdings in shares of Cooper Tire & Rubber by 19.1{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} in the 1st quarter. Public Employees Retirement Association of Colorado now owns 6,920 shares of the company’s stock valued at $113,000 after acquiring an additional 1,111 shares during the last quarter. Comerica Bank increased its holdings in shares of Cooper Tire & Rubber by 3.4{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} in the 1st quarter. Comerica Bank now owns 49,877 shares of the company’s stock valued at $970,000 after acquiring an additional 1,662 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Cooper Tire & Rubber by 95.9{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} in the 1st quarter. SG Americas Securities LLC now owns 20,255 shares of the company’s stock valued at $330,000 after acquiring an additional 9,916 shares during the last quarter. Institutional investors own 96.99{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} of the company’s stock.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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Analyst Recommendations for Cooper Tire & Rubber (NYSE:CTB)

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